LOS ANGELES, CA - CIM Group announced that it has sold Eastway, a 136-unit apartment community at 8820 S. Sepulveda Blvd. in Los Angeles’ Westchester Village.
Built by CIM in 2019, the contemporary five-story building is set on an approximately 1.4-acre site offering 136 studio, one-, and two-bedroom apartment residences above two levels of underground parking providing 221 spaces. Units feature nine-foot ceilings and expansive windows in an open design with modern fixtures and features..
Kelly Residential & Apartment Real Estate ETF (NYSEARCA:RESI – Get Rating)’s stock price was down 0.5% during mid-day trading on Wednesday . The company traded as low as $14.03 and last traded at $14.13. Approximately 749 shares traded hands during trading, a decline of 22% from the average daily volume of 963 shares. The stock […]
On this week’s episode of ETF Prime, host Nate Geraci is joined by ETF Trends’ CEO Tom Lydon to discuss a recent advisor survey concerning the financial markets and advisor sentiment regarding investing and managing client portfolios in the current environment.
NEW YORK, NY - Asia Capital Real Estate (ACRE), a global real estate private equity and debt firm, announced the sale of four multifamily communities across the Southeast in Georgia, Florida and North Carolina.
Each of the dispositions come after the completion of a strategic value-add repositioning of the properties, executed by ACRE over a period of 3 to 5 years. The sales are as follows:
The Palms at Palisades, a 125-unit multifamily property in Brandon, Fla., was sold to ZMR Capital LLC..
CLEVELAND, OH - The Millennia Companies confirmed that it is the recipient of a $40 million Transformational Mixed-Use Development (TMUD) tax credit award from the Ohio Tax Credit Authority and the Ohio Department of Development for the historic rehabilitation and adaptive reuse of The Centennial, located at 925 Euclid Avenue in Cleveland, Ohio.
To support this catalytic project, the largest in the state of Ohio, Millennia received the maximum amount permitted for any one development project.